Illinois' recent settlement with the Securities and Exchange Commission over charges of misleading pension disclosures will result in better disclosure overall and boost the credit of the entire municipal securities market, Moody's Investors Services said in a report released Friday.

"The move is a credit positive for the municipal securities market as a whole because increased SEC scrutiny will encourage municipal issuers to continue improving their pension-related disclosures," the rating agency said in the report.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.